WSJ: Vote to Split Dimon’s Roles Fails
The Wall Street Journal reported that shareholders at JPMorgan Chase rejected a proposal to split Jamie Dimon’s dual roles as chief executive and chairman, calling the decision a setback in a campaign for major governance changes.
The Journal said a nonbinding recommendation that Dimon’s jobs be separated received support from roughly 32% of all shareholders who cast a vote. That was less than the 40% support that a similar resolution earned last year, the Journal reported.
To read the WSJ story click here.
Previously on abfjournal.com: